Arkadios Wealth Advisors Sells 151 Shares of Lennar Co. (NYSE:LEN)

Arkadios Wealth Advisors cut its holdings in Lennar Co. (NYSE:LEN) by 7.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,916 shares of the construction company’s stock after selling 151 shares during the period. Arkadios Wealth Advisors’ holdings in Lennar were worth $261,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Lennar by 6.8% during the second quarter. ProShare Advisors LLC now owns 43,459 shares of the construction company’s stock valued at $6,513,000 after buying an additional 2,769 shares during the period. Evergreen Capital Management LLC increased its position in Lennar by 6.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,795 shares of the construction company’s stock valued at $419,000 after purchasing an additional 179 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Lennar by 57.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,936 shares of the construction company’s stock worth $7,034,000 after purchasing an additional 17,070 shares in the last quarter. Caxton Associates LP boosted its stake in shares of Lennar by 247.2% during the 2nd quarter. Caxton Associates LP now owns 14,751 shares of the construction company’s stock valued at $2,211,000 after purchasing an additional 10,502 shares in the last quarter. Finally, Ariel Investments LLC purchased a new position in shares of Lennar during the second quarter valued at about $23,518,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE LEN opened at $134.45 on Friday. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The stock has a 50-day moving average of $151.04 and a 200 day moving average of $167.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market capitalization of $36.47 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.29 and a beta of 1.66.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.82 earnings per share. On average, sell-side analysts forecast that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of several research reports. Barclays cut their price objective on Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective for the company in a research report on Friday, January 10th. Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Lennar has an average rating of “Hold” and an average price target of $171.50.

Insider Buying and Selling

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.